The Zhitong Finance app learned that Citi published a research report saying that COSCO Marine Control (01919) announced the results for the first nine months of this year. The core profit guideline was 22 billion yuan (same below), accounting for 90% and 3.18 times the market and the bank's annual expectations. The bank maintained its target price of HK$8.2 for H shares and its “buy” rating.

The bank believes that COSCO Marine Control's performance is moderate and positive. Although the bank believes that the increase in container demand driven by inventory replenishment will not resume until the September quarter next year, the group's Dongfang Overseas (00316) achieved a 6.7% year-on-year increase in total cargo volume in the third quarter. It is believed that the increase was due to the low base of inventory removal in the second half of last year, and that the growth trend will continue.